April 11, 2012
- in Uncategorized by schooloftrade
Day trading strategy Crude Oil
The 89range chart shows me bear price channel with a bear
price wedge and the AB=CD Pattern Support Reversal Zone and price wedge lows as
support below us.
price wedge and the AB=CD Pattern Support Reversal Zone and price wedge lows as
support below us.
Right now its very clear we have 1 option, to buy these lows
of the price wedge, the price channel and the bullish AB=CD.
of the price wedge, the price channel and the bullish AB=CD.
This is an excellent example of the LOCATION we will be
looking to buy AT, and then all we need is an entry pattern that fits inside
our entry rules.
looking to buy AT, and then all we need is an entry pattern that fits inside
our entry rules.
As price falls I’m looking to buy at support, and then with
price below the major support trend line around 99.30 we can then sell
retracements once we’ve broken the price wedge lows.
price below the major support trend line around 99.30 we can then sell
retracements once we’ve broken the price wedge lows.
If price moves higher I’m selling the PHOD and the
trigger-zone resistance above it.
trigger-zone resistance above it.
